For 2025, Targa expects full-year Ebitda to rise by approximately 15% over 2024 to $4.65 billion-$4.85 billion. It expects to spend between $2.6 billion-$2.8 billion in growth capital expenditures and ...

Ecopetrol and Petroleo Brasileiro SA announced in December that the Sirius-2 well off the Caribbean coast could triple the ...

In a maintenance capital plan, essentially targeting flat year-over-year production growth, there are opportunities for reducing rig teams and related costs. Alone, this doesn’t produce a moat but ...

The newest deals, signed separately with undisclosed buyers, include non-operated Rockies assets and non-core Permian basin assets with respective production impacts of ...

Occidental Petroleum is exploring upside in the Permian’s secondary benches, including deeper Delaware Wolfcamp zones and the ...

The Odessa American is the leading source of local news, information, entertainment and sports for the Permian Basin.

Occidental Petroleum Corp. announced Tuesday two agreements to divest several United States assets in the Permian Basin and ...

Diamondback Energy's buyout of Double Eagle could signal the winding down of the rapid consolidation of the Permian Basin ...

Two large earthquakes that hit the Permian basin, the top U.S. oilfield, this week have rattled the Texas oil industry and ...

The president is calling for energy dominance, but aging shale plays aren't positioned to deliver a surge of new oil production.

The 5.0 magnitude earthquake is tied for the sixth strongest in state history. Scientists have warned for years that increased fracking in West Texas is causing higher earthquake activity.

In the oil-rich Permian Basin, the dunes sagebrush lizard faces extinction. Will Donald Trump finally do it in?